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Duke Energy vs Wec Energy: revenue, profit, margins and growth compared

Duke Energy brought in $32.2B of revenue in fiscal 2025, Wec Energy $9.8B in fiscal 2025. Revenue changed by +6.2% at Duke Energy and +14.0% at Wec Energy on the year before, so Wec Energy grew faster. Duke Energy kept 15.4% of its revenue as net profit, Wec Energy 15.9%.

Side by side, latest fiscal year

DUKWEC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$32.2B$9.8B
Revenue growth+6.2%+14.0%
Net income$5B$1.6B
Net margin15.4%15.9%
Free cash flow-$1.7Bn/a
Free cash flow margin-5.3%n/a
Earnings per share (diluted)$6.31$4.81
Cash$245M$27.6M
Debt$87.2B$20B
Price to earnings18.021.1
Market value$88.4B$33.1B
Dividend yield3.72%3.52%
Rank by revenue in sector#3 of 109 · Utilities#29 of 109 · Utilities

Over the years

Revenue
DUK FY2018: $24.5BDUK FY2019: $25.1BDUK FY2020: $23.4BDUK FY2021: $24.6BDUK FY2022: $28.8BDUK FY2023: $29.1BDUK FY2024: $30.4BDUK FY2025: $32.2BWEC FY2018: $7.7BWEC FY2019: $7.5BWEC FY2020: $7.2BWEC FY2021: $8.3BWEC FY2022: $9.6BWEC FY2023: $8.9BWEC FY2024: $8.6BWEC FY2025: $9.8BFY18FY19FY20FY21FY22FY23FY24FY25
DUK $32.2BWEC $9.8B
Net income
DUK FY2018: $2.7BDUK FY2019: $3.7BDUK FY2020: $1.4BDUK FY2021: $3.9BDUK FY2022: $2.6BDUK FY2023: $2.8BDUK FY2024: $4.5BDUK FY2025: $5BWEC FY2018: $1.1BWEC FY2019: $1.1BWEC FY2020: $1.2BWEC FY2021: $1.3BWEC FY2022: $1.4BWEC FY2023: $1.3BWEC FY2024: $1.5BWEC FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
DUK $5BWEC $1.6B
Net margin
DUK FY2018: 10.9%DUK FY2019: 14.9%DUK FY2020: 5.9%DUK FY2021: 15.9%DUK FY2022: 8.9%DUK FY2023: 9.8%DUK FY2024: 14.9%DUK FY2025: 15.4%WEC FY2018: 13.8%WEC FY2019: 15.1%WEC FY2020: 16.6%WEC FY2021: 15.6%WEC FY2022: 14.7%WEC FY2023: 15.0%WEC FY2024: 17.8%WEC FY2025: 15.9%FY18FY19FY20FY21FY22FY23FY24FY25
DUK 15.4%WEC 15.9%
Revenue growth
DUK FY2019: +2.3%DUK FY2020: -6.8%DUK FY2021: +5.4%DUK FY2022: +16.8%DUK FY2023: +1.0%DUK FY2024: +4.5%DUK FY2025: +6.2%WEC FY2019: -2.0%WEC FY2020: -3.7%WEC FY2021: +14.8%WEC FY2022: +15.4%WEC FY2023: -7.3%WEC FY2024: -3.3%WEC FY2025: +14.0%FY19FY20FY21FY22FY23FY24FY25
DUK +6.2%WEC +14.0%
Free cash flow
DUK FY2018: -$2.2BDUK FY2019: -$2.9BDUK FY2020: -$1.1BDUK FY2021: -$1.4BDUK FY2022: -$5.4BDUK FY2023: -$2.7BDUK FY2024: $48MDUK FY2025: -$1.7BWEC FY2018: $28.4MWEC FY2019: -$183.5MWEC FY2020: -$678.3MWEC FY2021: -$340MWEC FY2022: -$636.2MFY18FY19FY20FY21FY22FY23FY24FY25
DUK -$1.7BWEC -$636.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Duke Energy and Wec Energy

Which is bigger by revenue, Duke Energy or Wec Energy?

Duke Energy is bigger by revenue: $32.2B in fiscal 2025, against $9.8B for Wec Energy in fiscal 2025.

Which keeps more of its revenue as profit, Duke Energy or Wec Energy?

Duke Energy had a net margin of 15.4% in fiscal 2025; Wec Energy had 15.9% in fiscal 2025.

Which grew revenue faster, Duke Energy or Wec Energy?

In their latest fiscal years revenue changed by +6.2% at Duke Energy and +14.0% at Wec Energy.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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